"The bill will also increase the number of Americans who owe nothing in taxes from 44 percent today to 47.5 percent after the plan tax effect on January 1, 2018."
"The bill will also increase the number of Americans who owe nothing in taxes from 44 percent today to 47.5 percent after the plan tax effect on January 1, 2018."
Yeah, I was limited to 300 words.
I probably should have dropped the sentence about Rubio and Lee it was less important.
Hi. Re the death tax, the $22mm exemption is obviously for 2 person households. Is the exemption for a single person now $11mm?
Thanks if you or anyone can enlighten.
That is 100% pure crap, no thanks to the slimy congress.
I want a flat income tax, across the board.
No credits, no deductions, no exemptions, no EITC, no exceptions.
10% tax on all personal earnings. No brackets or “progressive” rates, regardless of source. No minimums, no maximums.
The only exception I would make is for retirement income.
Corporate rate would be 20% on gross earnings receipts. No exceptions. No accounting tricks either. Also, no taxing corporate income earned and kept offshore, unless it is deposited in a US based corporate account.
Also, a 5% tariff on ALL imports of foreign origin coming across any port into the US, no exceptions.
Enough of this government/crony social engineering BS.
The power to tax is the power to destroy. Repeal the 16th, and put the taxpayers back in charge.
I don’t like that part, it should have gone down, not up.
There will be more people paying no taxes because they raised a lot of higher middle class taxpayers taxes. Us. And I’m pissed about it.